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HK Strategy Report (2026/3/13) - Tides of Liquidity: Market Volatility and Response Strategies amid Hong Kong IPO Boom and the Surge of Share Lock-up Expirations	Ning Bo	2026-03-13
港股策略报告 (2026/3/13) - 流动性的潮汐：港股IPO热潮与限售股解禁洪峰下的市场波动与应对策略	宁铂	2026-03-13
Li Auto (2015 HK) - Earnings under pressure during strategic transition, with mixed fundamentals	Liang Yonghuo,Harrison, Yin Haocheng	2026-03-13
理想汽车(2015 HK) - 战略调整期业绩承压，基本面喜忧参半	梁勇活,殷浩程	2026-03-13
招商证券（国际）早会纪要 20260313	招商香港研究部	2026-03-13
雅诗兰黛 (EL US) - 结构性复苏保持不变；逢低买入	黄铭谦	2026-03-12
Estée Lauder (EL US) - Structural turnaround intact; Buy the dip	Wong Ming Him, Joseph	2026-03-12
招商证券（国际）早会纪要 20260312	招商香港研究部	2026-03-12
Meta Platform (META US) - Expanding social media networking to Agents	Wong Tang Kit, Tommy,Li Yishan, Crystal,Zhang Henan	2026-03-11
Meta Platform (META US) - 从社交媒体网络扩展至AI智能体领域	王腾杰,李怡珊,张贺楠	2026-03-11
Laopu Gold (6181 HK, SELL) - 2025 preliminary results in line	Wong Ming Him, Joseph	2026-03-11
Amazon (AMZN US, BUY) - Amazon wins lawsuit against Perplexity, preventing AI disintermediation	Zhang Henan,Wong Tang Kit, Tommy,Li Yishan, Crystal	2026-03-11
Auto & Robotics - Auto rallied as pessimism bottoms out, overseas expansion and AD emerge as the main theme for 2026	Liang Yonghuo,Harrison, Yin Haocheng	2026-03-11
China Resources Beer (291 HK, BUY) - Pre-liminary 2025 core net profits ahead of us	Wong Ming Him, Joseph	2026-03-11
NIO (9866 HK, NR) - First profitable quarter, product cycle to lift profitability	Liang Yonghuo,Harrison, Yin Haocheng	2026-03-11
招商证券（国际）早会纪要 20260311	招商香港研究部	2026-03-11
Tencent (700 HK, BUY) - OpenClaw poised to provide latecomers with a leapfrog opportunity	Li Yishan, Crystal,Wong Tang Kit, Tommy,Zhang Henan	2026-03-10
Xpeng (9868 HK, BUY) - VLA 2.0 test drive: AD capabilities advancing rapidly	Liang Yonghuo,Harrison, Yin Haocheng	2026-03-10
Mengniu Dairy (2319 HK, HOLD) - 2025 pre-liminary results in line with us	Wong Ming Him, Joseph	2026-03-10
招商证券（国际）早会纪要 20260310	招商香港研究部	2026-03-10

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